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Managing Director - Multifamily Investments

Salary
Competitive
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Charlotte or Greensboro
 NC
Postal Code
27707
Country
United States

This job is no longer active.

Description


Acquisitions:  Oversees and Manages the Acquisitions Process:

    • Maintains exceptional knowledge of all aspects of Hawthorne’s Target Markets
    • Reviews and provides input on underwriting, proforma assumptions, historical financials, rent rolls, historical/future capital expenditures
    • Collaborates with the legal team to negotiate Purchase and Sale Agreements, Operating Agreements, and Joint Venture Agreements
    • Oversees all aspects of the due diligence process
    • Effectively presents information to investors, lenders, and partners.
    • Oversees the procurement of acquisition financing, including oversight of lender packages, lender budgets, and lender requests
    • Oversight of strategic investment/operational goals/objectives
    • Oversees the closing process including settlement statements, final sources & uses, year one budget.

Dispositions:  Oversees and Manages the Disposition Process:

    • Annual Portfolio Review with sell/hold/refinance recommendations to Investment Team
    • Broker BOVs process, broker selection recommendations and negotiation of listing agreements, preparation of Offering Memorandums
    • Internal Investment Memos and Investment/Tax Analysis related to dispositions
    • Effectively presents information to and responds to questions from groups of executives, investors, lenders, and partners., including marketing with brokers, due diligence, working with Property Management to improve operational performance.
    • Reviews offers, qualifies buyers, and makes buyer recommendation to Investment Team
    • Negotiation of the Purchase and Sale Agreement
    • Obtains, organizes and distributes due diligence information to relevant parties
    • Oversees Buyer’s Due Diligence Process to ensure a smooth closing
  • Assists with Financing Activities:
    • Oversees Hawthorne’s loan portfolio and makes recommendations for refinance and supplemental loans
    • Oversees refinance process and debt procurement, including distributing information to lenders, overseeing the creation of lender packages, lender budgets, and providing expense comps to lenders
    •  

SKILLS, KNOWLEDGE AND PERSONAL CHARACTERISTICS:

  • Minimum 10+ years and $2.0 Billion of experience with direct responsibility for multifamily acquisitions and dispositions in the Sun Belt
  • Proven leadership with experience managing, motivating, and building investment teams
  • Strong knowledge of the multifamily markets in the Sun Belt
  • Exceptional communication skills
  • Highly motivated, self-starter who can work well both individually and as a part of a team
  • Ability to manage multiple, competing priorities in a fast-paced environment.
  • Strong project management skills with the ability to prioritize and work on multiple projects simultaneously.
  • Exceptional understanding of key investment metrics (Cap Rates, Internal Rate of Return, Cash on Cash Return, Return on Cost, Equity Multiple)
  • Exceptional proficiency with MS Excel and ability to understand and operate complex apartment and partnership financial models (in excel)

 

ORGANIZATIONAL RELATIONSHIPS:

Reports directly to the Hawthorne Investment Principals.

 

SUPERVISORY RESPONSIBILITIES: This position directly supervises the following roles:

  • Director – Investments 
  • Investment Analysts
  • Investments Support
 

Job Sector


 

Experience


10+ to 15 years


This job is no longer active.

Acquisitions Residential Charlotte or Greensboro Full Time NC Acquisitions, Financial Analysis, Due Diligence Analyst other